Manufacturing Activity in Indonesia at Highest Level since August 2018
Manufacturing activity in Indonesia improved in May 2019 due to an increase in output and new orders. The Nikkei Indonesia Manufacturing Purchasing Managers' Index (PMI) rose from 50.4 in April 2019 to 51.6 in the following month, its highest position in nine months (a reading below 50.0 indicates contraction, while a reading above 50.0 indicates expansion in manufacturing activity).
Commenting on the latest data, Bernard Aw, Principal Economist at IHS Markit, said: “growth in the manufacturing sector of Indonesia gathered momentum midway through the second quarter of 2019. Output growth accelerated, aided by a renewed expansion in new orders. Firmer demand conditions saw backlogs rise for the first time in five years, suggesting that firms may continue to scale up production in coming months. The sustained upturn also generated greater confidence among local Indonesian manufacturers.
Manufacturing PMI Indonesia:
This article discusses the following:
• Indonesia's May 2019 manufacturing activity
Read the full article in the May 2019 edition of our monthly research report. You can purchase the report by sending an email to info@indonesia-investments.com or a WhatsApp message to the following number: +62(0)8788.410.6944
Poll Indonesia Investments: